28 March 2022 - Landsbankinn
Icelandic State Financial Investments sold a 22.5% share in Íslandsbanki last week.
Last week’s highlights
- Icelandic State Financial Investments sold a 22.5% share in Íslandsbanki.
- Statistics Iceland released the results of its monthly labour force survey.
- The population of Iceland increased by 2.0% last year.
The week ahead
- On Tuesday, Statistics Iceland releases CPI numbers for March. We expect a 1.0% increase between months and inflation to increase from 6.2% to 6.8%.
- On Friday, the CBI will publish its quarterly Economic Indicators report.
Markets and Economic Overview
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9 May 2022
Icelandic Economic Weekly: 9 May 2022
The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 3.75%.
2 May 2022
Icelandic Economic Weekly: 2 May 2022
The CPI rose by 1.25% month-on-month in April, bringing the inflation rate to 7.2% compared to 6.7% in March.
25 April 2022
Icelandic Economic Weekly: 25 April 2022
The housing price index for the capital region increased by 3.1% MoM in March.
19 April 2022
Icelandic Economic Weekly: 19 April 2022
Departures of foreign passengers via Keflavík Airport were 101,000 in March.
11 April 2022
Icelandic Economic Weekly: 11 April 2022
The government released its fiscal plan for 2022-2027 last week.
8 April 2022
The króna unchanged against the euro in March
The Icelandic króna remained broadly unchanged against the euro in March but weakened against the US dollar. The Central Bank intervened four times in the foreign exchange market, buying euros twice and selling euros twice
4 April 2022
Icelandic Economic Weekly: 4 April 2022
The CPI based on prices in March increased by 0.94% between months, bringing the headline number to 6.7%, up from 6.2% in February. Inflation has not been higher in Iceland since May 2010.
21 March 2022
Icelandic Economic Weekly: 21 March 2022
The CBI published a statement from the Financial Stability Committee and the Bank’s Financial Stability report last week.
14 March 2022
Icelandic Economic Weekly: 14 March 2022
Direct impact of the Russian invasion of Ukraine on the Icelandic economy should be very limited. Exports to Russia and Ukraine account for about 1.6% of total exports from Iceland. Imports from those same two countries are about 0,.5% of total imports to Iceland.
7 March 2022
Icelandic Economic Weekly: 7 March 2022
According to estimates by Statistics Iceland, the Icelandic economy grew by 4.3% last year, 4.4% in Q4. The fourth quarter was the third consecutive quarter of positive economic growth.